AD Plastik (ADPL) Q1 2026 earnings summary

Executive summary

• Group operating revenue reached €160m in 2025, with EBITDA at €19.19m and net profit at €14.26m, reflecting strong growth from serial production and continued deleveraging.

• Q1 2026 saw further profitability gains, with group operating revenue at €39.54m, EBITDA at €6.16m, and net profit at €4.25m, driven by production capacity optimization and new project launches.

• EBITDA increased 40.2% to €6.16m, reflecting cost optimization and operational discipline.

• Strategic shift underway to diversify revenue beyond automotive, focusing on logistics and new industries.

• Continued deleveraging reduced net financial debt by €2.12m since year-end 2025.

Financial highlights

• 2025 group operating revenue increased to €160m from €152.4m year-over-year; parent company revenue rose to €123.2m from €116.0m.

• Group EBITDA improved to €19.19m (12.0% margin) from €13.4m (8.8% margin) year-over-year.

• Net profit rose to €14.26m (8.9% margin) from €12.1m (7.9% margin) year-over-year.

• Q1 2026 group revenue grew to €39.54m from €35.2m in Q1 2025; EBITDA increased to €6.16m from €4.4m; net profit rose to €4.25m from €4.0m.

• Capex for the Group reached €1.16m, up 51.7% year-over-year.

Outlook and guidance

• Expectations for annual revenue growth of 5% and EBITDA margin of 13% over the next three years.

• Planned annual CAPEX of €8m from own products.

• Plans to expand customer base and enter new automotive niches, with further diversification outside automotive.

• Continued focus on operational excellence, innovation, and financial stability to support growth.

• Ongoing deleveraging and cost optimization expected to further improve profitability and reduce financing costs.